Northland Securities reissued their hold rating on shares of Telenav (NASDAQ:TNAV) in a report published on Thursday morning, AnalystRatings.com reports.
TNAV has been the subject of several other research reports. ValuEngine downgraded Telenav from a hold rating to a sell rating in a report on Wednesday, October 30th. Zacks Investment Research raised Telenav from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Friday, August 16th. Craig Hallum downgraded Telenav from a buy rating to a hold rating and cut their price target for the company from $13.00 to $5.00 in a report on Thursday, September 5th. B. Riley cut their price target on Telenav from $10.50 to $7.50 and set a buy rating for the company in a report on Friday, September 6th. Finally, BidaskClub downgraded Telenav from a strong-buy rating to a buy rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $8.88.
Telenav stock traded up $0.07 during mid-day trading on Thursday, hitting $5.44. 522,875 shares of the company’s stock traded hands, compared to its average volume of 462,825. The firm has a 50 day simple moving average of $4.73 and a two-hundred day simple moving average of $7.20. Telenav has a fifty-two week low of $3.35 and a fifty-two week high of $11.67. The stock has a market cap of $236.03 million, a price-to-earnings ratio of -8.37 and a beta of 0.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.92 and a quick ratio of 1.92.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Telenav by 21.0% during the third quarter. Tower Research Capital LLC TRC now owns 15,727 shares of the technology company’s stock worth $75,000 after buying an additional 2,725 shares in the last quarter. Ibex Investors LLC acquired a new stake in shares of Telenav during the third quarter worth $105,000. Russell Investments Group Ltd. lifted its holdings in shares of Telenav by 154.0% during the third quarter. Russell Investments Group Ltd. now owns 156,965 shares of the technology company’s stock worth $751,000 after buying an additional 95,173 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Telenav by 6.0% during the third quarter. Rhumbline Advisers now owns 44,338 shares of the technology company’s stock worth $212,000 after buying an additional 2,503 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Telenav during the third quarter worth $64,000. 50.75% of the stock is owned by institutional investors.
Telenav, Inc, together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services.
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